Auto Sales Continue to Improve in May

Automakers released their monthly sales numbers today, giving a slight boost in sector sentiment amid the historic GM (NYSE: GM) (OTC: GMGMQ) bankruptcy. For the most part, the major automaker's reported slightly better-than-expected May sales results.

• General Motors - sold 190,881 units during the month, down 29% from the 268,892 autos sold in May of '08.
  
• Ford (NYSE: F) - driven by strong new products, Detroit's healthiest car company saw its highest market share in 3 years. Ford sales fell 24.3% to 155,954 during the month. Shares of Ford are up nearly 5%.
  
• Chrysler - the 3rd largest U.S. automaker saw its auto sales fall 47% to 79,010 during May.
  
• Toyota (NYSE: TM) - sold 152,583 autos during May, marking a 38.4% decline from the same period last year. Shares of Toyota are down 1%.
  
• Honda Motor (NYSE: HMC) - recorded a 39.2% drop in May sales. The automakers total vehicle sales number came in at 98,344 cars for the month. Honda's stock is currently down 0.24%.
  
• Nissan (Nasdaq: NSANY) - auto sales dropped 33.1% from 100,874 to 67,489 cars during May. Shares of Nissan are relatively flat from yesterday, up 0.2% from yesterday's close.

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